@green_vp it's a global system and requires global cooperation to reform, which is why PM made it his top priority when we chaired the G8
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@JMRavenscroft@green_vp@mattwarman yes, but people who aren't rich don't pay Inheritance tax. I feel you're being pointedly obtuse
@IFA_Planner @JMRavenscroft @mattwarman So people just put their money in off shore accounts to...What get a tan? There must be finical gain
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@green_vp@JMRavenscroft@mattwarman it depends what sort of offshore account you're talking about trust/bond/limited ... -
@green_vp@JMRavenscroft@mattwarman if trust, this dodges IHT. However, one cannot access the money else gifts with reservation applies -
@green_vp@JMRavenscroft@mattwarman if bond it functions like an ISA but you pay income tax on gains in the tax jurisdiction of residency -
@green_vp@JMRavenscroft@mattwarman if Ltd then you pay gains on disposal and income tax on divvies and IHT, just less ct on profits. -
@green_vp@JMRavenscroft@mattwarman tbh most people who have them have been missold the concept. There is no golden bullet to avoid all tax -
@green_vp@JMRavenscroft@mattwarman what we do have are a range of different tax wrappers to avoid a specific tax by paying more of another -
@IFA_Planner@JMRavenscroft@mattwarman So they do pay all tax on their money? They send it on holiday for no reason?#resigncameron -
@green_vp@JMRavenscroft@mattwarman no they don't. Everyone avoids tax somehow, there are no ethics here only badly written rules - 6 more replies
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